The home, in Indian Creek Village, had been on the market since early 2011, when construction was still being finalized. Earlier this year, the asking price was reduced to $52 million. The name of the buyer, a Russian who purchased the home in the name of a U.S.-based limited liability company, could not be learned.

The high-end market in South Florida has picked up in recent months, with a number of sales well above the $10 million mark. The previous county record was broken in March when another home on Indian Creek sold for nearly $40 million to hedge-fund manager Edward S. Lampert. In May, a South Beach penthouse apartment owned by the family that controls Birkenstock, the shoe company, sold for $25 million.

“The market has changed dramatically for the super high-end,” said Jill Eber, of Coldwell Banker’s “The Jills,” one of the property’s Miami-area listing brokers. “These are prices that we’ve never ever seen before.” Full story. Read More »